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Fall 2009 Report of Results from Sibson’s Expatriate Talent Market Trends Survey
Abstract
To assess the pervasiveness and strength of emerging trends in expatriate compensation, as well as to provide a glimpse into what the future may hold, Sibson Consulting conducted an Expatriate Talent Market Trends Survey. This report summarizes the key survey findings, which provide important insights for companies that use expatriates.
The report covers the following survey data:
- Current changes to expatriate workforce size,
- Planned changes to expatriate workforce size as the economy recovers,
- Cost-cutting methods,
- Changes to expatriate compensation packages,
- Investment in local talent,
- Trends in hiring and deployment of expatriates by functional priorities, and
- Desired skill set for expatriates.
The survey findings confirm that multinational companies, especially those doing business in developing countries, still require the broad experience and expertise that expatriates bring, and they are willing to pay for it. They recognize that certain functions need expatriate talent and that local talent may not have the desired skill set to replace expatriates.